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Iconic Dixie Furniture Building Available

5550 Rivers Ave North Charleston, SC

5550 Rivers Ave, North Charleston, SC, 00000
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Renovated showroom and warehouse space on high-traffic Rivers Avenue.

Property Size22,000 SF
Lot Size0.76 Acres
Price / SF$193.18
AddedAug 25, 2025
Days on Market325
Last RefreshJul 15 at 5:45 pm

Property Features for 5550 Rivers Ave

General Information

Standard status
Active
Size
22,000 SF
Lot size
0.76 Acres
Property subtype
RETAIL

Properties For Sale

at 5550 Rivers Ave Contact us

Listing office Coldwell Banker Commercial | Atlantic

Listing date Aug 25, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial | Atlantic


Investment Insights

Based on property information with market context.

The iconic Dixie Furniture Building, available for the first time in 60 years, offers 22,000 square feet of space, including a recently renovated showroom that comprises approximately 80% of the total area, and well-maintained warehouse space accounting for the remaining 20%. Situated on 0.75 acres, the property is located on Rivers Avenue in North Charleston, benefiting from high visibility and substantial daily traffic. The site features ample on-site parking. Zoned B-2 General Business District, the property is split-zoned and also falls within the Upper 52-78 Overlay District, enhancing its potential for redevelopment and expansion. The zoning allows for a wide range of commercial uses.

Key Highlights

  • High‑traffic location on Rivers Avenue with excellent visibility and ample on‑site parking.
  • 22,000 sq ft of space, including a recently renovated showroom (approximately 80% of the total space).
  • B‑2 General Business District zoning with split‑zoning (internal use: yes) allowing for a wide range of commercial uses.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $396.0k $18.00
− Vacancy −$31.7k −$1.44
EGI $364.3k $16.56
− OpEx −$109.3k −$4.97
NOI $255.0k $11.59
22,000 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 30.00%

Alternative Uses

Best Use
Retail
$3.64M
$3.19M – $4.25M (±1% cap)
NOI $255,024 @ 7.0% cap · market cap 6.00%
Second Best
Warehouse
$1.81M
$1.58M – $2.11M (±1% cap)
NOI $126,526 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$5.97M
$5.23M – $6.97M (±1% cap)
NOI $418,176 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Showrooms

Suggested Use

Parking Lot & Garage Electrical Service Plumbing Service Locksmith Big Box & Wholesale Store Pharmacy Building Supply Cafe & Coffee Shop Veterinary Clinic Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Mark's Carpet Installation and Repairs — 38 monte sano dr, hanahan, sc 29410

FAQs

What type of property is this?
Showroom - Renovated showroom and warehouse space on high-traffic Rivers Avenue.
Where is this showroom located?
The property is located at 5550 Rivers Ave North Charleston, SC.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: High‑traffic location on Rivers Avenue with excellent visibility and ample on‑site parking.; 22,000 sq ft of space, including a recently renovated showroom (approximately 80% of the total space).; B‑2 General Business District zoning with split‑zoning (internal use: yes) allowing for a wide range of commercial uses.
Contact an agent
(843) 478-9594 Call to check price and availability
More about this property
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